While every company offering telephony/wireless/internet in and around China have run up in recent months City Telecom remains essentially undiscovered after quietly offering shares to trade on NASD in November. CTEL has 290k subscribers according to its site.
Some of CTEL's assets-
1. owns Ichannel- a Chinese language portalÿ ichannel.com.hk
2. owns Istore.com, a online computer retail site offering IBM, Hewlett Packard and Xerox equipment to name a few vendors-focused on the Far East, including Hong Kong and China istore.com.hk; istore.com.hk CTEL partnered with IBM China/Hong Kong and GE Capital to offer PCs loaded with CTEL 's ISP and Ichannel -
3. launches iStore to enter eCommerce Market First partner with IBM to sell tailor-made PC online" ctihk.com
4. CTEL sub Hong Kong Broadband Network Service Ltd. (HKBN) offers broadband internet access ctihk.com
CTEL's China Connection
"CTI plans to tap into the mainland (China) Internet market Signing a letter of Intent with Zhongshan University to conduct research into the mainland Internet market(January 16, 2000, Hong Kong)
City Telecom (HK) Ltd. (CTI) today announced to co-operate with the Research Institute of Guangdong Development of Zhongshan University to launch a series of researches on the development of the Internet market in China. The results of these researches will be served as a blueprint for CTI to tap China Internet market in the future. " ctihk.com
CTEL already offers telephony into China -
"CTI Aims to Further Enlarge its China Market Shareÿ Offers HK$0.99 for calls to Shenzhen & Shekou and HK$2.59 for calls to rest of China
(January 2, 2000, Hong Kong)
"City Telecom (HK) Ltd. (CTI) today announced the slashing of rates for calls to China "-
"At present, only around 40% of CTI traffic is to China. We aim to further enlarge our China market share by acquiring shares from our opponents. With this new China rate, CTI expects the traffic volume for China will at least increase by 30% by end of February 2000 and the market share increased by 10%," added Mr. Wong"ÿ ctihk.com
Why hasn't CTEL rocketed with the other companies offering telephony/wireless/internet in Asia/China? Likely because no one knows about it- none of the above press releases were ever released in the US (they were released in Hong Kong only and appear on CTEL's press site)
CTEL trading near low end 13: 52 week 12 1/4 x 24 7/16
Yahoo doesn't list a profile- but newsalert does
newsalert.com |
